RESOLUTION NO. 25-35
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN CLEMENTE AUTHORIZING THE COMMENCEMENT OF PROCEEDINGS IN CONNECTION WITH THE PROPOSED REFUNDING OF THE OUTSTANDING COMMUNITY FACILITIES DISTRICT NO. 2006-1 (MARBLEHEAD COASTAL) OF THE CITY OF SAN CLEMENTE 2015 SPECIAL TAX BONDS, CONFIRMING THE APPOINTMENT OF PROFESSIONAL SERVICES AND AUTHORIZING CERTAIN OTHER ACTIONS IN CONNECTION THEREWITH WHEREAS, the City Council of the City of San Clemente (the “City”) previously issued on behalf of Community Facilities District No. 2006-1 (Marblehead Coastal) of the City of San Clemente (the “District”) its 2015 Special Tax Bonds (the “2015 Bonds”); and WHEREAS, the City Council, now proposes to refund the outstanding 2015 Bonds for debt service savings and reduction in special taxes; and WHEREAS, it is proposed that the 2015 Bonds will be refunded from the proceeds of refunding bonds (the “Bonds”); and WHEREAS, it is appropriate that the City Council formally authorize commencement of proceedings, appoint a municipal advisor, a bond counsel, a disclosure counsel, an underwriter and special tax consultant and approve certain preliminary actions in connection with the authorization, issuance and sale of the Bonds.
NOW, THEREFORE, the City Council of the City of San Clemente, acting as the legislative body of Community Facilities District No. 2006-1 (Marblehead Coastal) of the City of San Clemente, DOES HEREBY RESOLVE, DETERMINE AND ORDER as follows:
Section 1. Recitals True and Correct. Each of the above recitals is true and correct and is adopted by the City Council, acting in its capacity as the legislative body of the District, and incorporated fully herein.
Section 2. Authorized Preparations. The City Council authorizes appropriate officers and officials of the City to proceed with the preparation of the necessary documents in connection with the issuance and sale of the Bonds, subject to the final approval thereof by the City Council at a subsequent meeting.
Section 3. Authorized Appointments. The City Council hereby confirms the following appointments:
(a) Fieldman, Rolapp & Associates, Inc. as municipal advisor to the City in connection with the authorization, issuance and sale of the Bonds. Each Authorized Officer (as defined in Section 5) is hereby authorized to enter into an agreement with Fieldman, Rolapp & Associates, Inc. in substantially the same form presented to the City Council on April 1, 2025; (b) Stradling Yocca Carlson & Rauth LLP as bond counsel and disclosure counsel in connection with the authorization, issuance and sale of the Bonds. Each Authorized Officer (as defined in Section 5) is hereby authorized to enter into an agreement with Stradling Yocca Carlson & Rauth LLP, in substantially the same form presented to the City Council on April 1, 2025; (c) Koppel & Gruber as special tax consultant in connection with the authorization, issuance and sale of the Bonds. Each Authorized Officer (as defined in Section 5) is hereby authorized to enter into an agreement with Koppel & Gruber, in substantially the same form presented to the City Council on April 1, 2025; and (d) Stifel, Nicolaus & Company, Incorporated, as underwriter in connection with the authorization, issuance and sale of the Bonds.
Section 4. Authorized Actions. All actions of the officers, agents and employees of the City that are in conformity with the purposes and intent of this resolution, whether taken before or after the adoption hereof, are hereby ratified, confirmed and adopted.
Section 5. Authorized Officers. The Mayor, the City Manager, the City Treasurer and the Administrative Services Director, on behalf of the legislative body of the District, or the written designee thereof (each, an “Authorized Officer”), are hereby authorized and directed to take such action and to execute such documents as may be necessary and proper to effectuate the intent of this resolution, including, but not limited to, engaging one or more rating agencies to provide a rating on the Bonds, and to approve the payment of any associated costs or fees for such rating.
Section 6. Effective Date. This resolution shall be in full force and effect immediately upon its adoption.
PASSED AND ADOPTED this ___th day of _____, 2025.
ATTEST:
Laura Campagnolo,
City Clerk of the City of San Clemente, as the legislative body of Community Facilities District No. 2006-1 (Marblehead Coastal) of the City of San Clemente Steve Knoblock,
Mayor of the City of San Clemente, as the legislative body of Community Facilities District No. 2006-1 (Marblehead Coastal) of the City of San Clemente STATE OF CALIFORNIA )
CITY OF SAN CLEMENTE)
COUNTY OF ORANGE )
The undersigned, City Clerk of the City of San Clemente, do hereby certify that the foregoing Resolution was duly adopted by the City Council of the City of San Clemente, acting as the legislative body of Community Facilities District No. 2006-1 (Marblehead Coastal) of the City of San Clemente, at a regular meeting held on the ___th day of ____, 2025, and that it was so adopted by the following vote:
AYES: COUNCILMEMBERS:
NOES: COUNCILMEMBERS:
ABSENT: COUNCILMEMBERS:
ABSTAIN: COUNCILMEMBERS:
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of San Clemente, California, this _____ day of _________________, ________.
Laura Campagnolo,
City Clerk of the
City of San Clemente
I, Laura Campagnolo, City Clerk of the City of San Clemente, do hereby certify that the above and forgoing is a full, true, and correct copy of Resolution No. _____ of said City Council, and that the same has not been amended or repealed.
Laura Campagnolo,
City Clerk of the
City of San Clemente
Approved as to form:
______________________________
Elizabeth A. Mitchell, City Attorney
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Resolution No. 25-35 Page 2
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